What is it that makes Millbrook such a wonderfully desirable place to buy a section right now when much of the rest of the guilt-edged real estate market seems to have caught a nasty disease?
Surely not just because Bill Clinton played there.
But confirmed sales for December saw $8.8 million worth of Millbrook real estate go to what Millbrook executive Ben O'Malley says were keen buyers.
Three sections sold, along with two Millbrook cottages and a luxury "fairway home."
Some were to overseas investors.
Mr O'Malley said the sales were evidence that people are prepared to pay a premium for the quality that Millbrook offers. Some of the sections were "re-sales" where the latest buyer has paid as much as 20% over and above what the previous owner paid. He said the lower exchange rate and lower interest rates had been factors in attracting overseas buyers.
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